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Fixed Cost per Month Milano Pizza is a small neighborhood pizzeria that has a small area for in-store dining as well as offering take out and free home delivery services. The pizzeria's owner has determined that the shop has two major cost drivers-the number of pizzas sold and the number of deliveries made The pizzeria's cost formulas appear below Cost per Cost per Pizza Delivery Pitra ingredients $4.50 Kitchen stafi $ 5,930 Utilities $ 620 $ 0.40 Delivery person $ 3.20 Delivery vehicle $ 640 $ 1.60 Equipment depreciation $400 Rent $1,890 Miscellaneous $ 740 1.0.20 In November the pizzeria budgeted for 1590 pizzas at an average selling price of $16 per pizza and for 230 deliveries Data concerning the pizzeria's actual results in November were as follows: Actual Results Piras 1,690 Deliveries 210 Revenue 5 27.600 Pizza ingredients 57,390 Kitchen staff $5,870 Utilities $ 890 Delivery person $.622 Delivery vehicle $98 Equipment depreciation $ 400 Rent $ 1,590 Miscellaneous $ 796 Required: 1. Complete the flexible budget performance report that shows both revenue and spending variances and activity variances for the pizzeria for November (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance). Input all amounts os positive values.) Required: 1. Complete the flexible budget performance report that shows both revenue and spending variances and activity variances for the pizzeria for November (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effectie, zero variance), Input all amounts os positive values.) Milano Pizza Flexible Budget Performance Report For the Month Ended November 30 Actual Flexible Results Budget 1,690 210 $ 27.600 Planning Budget Pizzas Deliveries Revenue Expenses Pizza ingredients Kichen staff Utilities Delivery person Delivery vehicle Equipment depreciation Rent Miscellaneous 7.390 5,870 890 6721 908 408 1.890 796 18,904 8.696 Total expense Net operating income $

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